Wholesale Inflation Eases; Still Up 8% Year Over Year

The producer price index (PPI) rose 0.2% in October, below the 0.4% estimate. On a year-over-year basis, the PPI rose 8% compared to an 8.4% increase in September, according to federal data. While inflation is still high, this marks the fourth straight decline in the PPI. 11/15/2022